News:
Brokerage
Posted: July 14, 2010
Dillon of CBRE represents Lighthouse in 56,500 s/f lease to Lex Corp.
Lex Corp, an electronics company, signed a 10-year, 56,500 s/f lease at 15 Progress Dr. The firm plans to relocate and consolidate its Stamford and Bridgeport offices, while expanding their force with the occupancy of the entire building in June.
Michael Dillon, vice president of CB Richard Ellis' Stamford office, represented the ownership, Lighthouse Properties, in the lease. Roger Ludwig of First Service Williams handled negotiations on behalf of Lex Corp.
15 Progress Drive is an industrial/flex building located just off Commerce Dr.
"This transaction marks the largest flex space deal in the market year-to-date," said Dillon. "15 Progress Dr. offered the perfect opportunity for Lex Corp to take possession of a stand alone, single-tenant, signature industrial building situated in a park-like setting."
Tags:
Brokerage
MORE FROM Brokerage
TF Cornerstone inks Hanover Park lease and PMG Worldwide expansion at 387 Park Ave. South
Manhattan, NY New York City real estate development firm TF Cornerstone (TFC) has completed 100,000 s/f of leasing activity over the past year at 387 Park Ave. South, highlighted by a new lease with Hanover Park and the expansion and extension of PMG Worldwide totaling more than 58,000 s/f.
 (2).gif)
Columns and Thought Leadership
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
.gif)
September Promotion
